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A Debt Agreement is a legal agreement signed between a creditor and debtor to re-negotiate or compromise on a debt owed by the debtor to the creditor.

Typically, the debtor will offer a payment that is less than the outstanding debt due (for example 50% to 70%), with the condition that the payment can be immediately made.

    Product ID: 23922AD29


⇒   Revisions Approved 
⇒   Plain English & Easy Editing
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⇒   Length: 2 pages (min.)
⇒   Last Revision: 19 August 2020 
⇒   Format: MS Word (.DOCX) 
⇒   Rev. Number: 14386650
⇒   Product ID: 23922AD29


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